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zalisa [80]
3 years ago
15

The gross margin ratio:

Business
1 answer:
yaroslaw [1]3 years ago
5 0

Answer:

The correct order of the question is below:

The gross margin ratio: 1- Is also called the net profit ratio. 2- Indicates the percent of sales revenue remaining after covering the cost of the goods sold. 3- Is also called the profit margin. 4- Is a measure of liquidity and should exceed 2.0 to be acceptable. 5- Should be greater than 1 for merchandising companies.

The answer is 2. Indicates the percent of sales revenue remaining after covering the cost of the goods sold.

Explanation:

Gross profit is the difference between cost of sales and net sales revenue and gross profit margin is calculated by gross profit divided by net sales revenue. It can be expressed as a percentage.

This margin is the first measure of profitability.

Option 1 is wrong. Net profit ratio is the ratio of net profit to sales revenue. Net profit is after all expenses and tax have been deducted from revenue.

Option 4 is wrong. This is not a measure of liquidity. Current ratio and quick ratio are a measure of liquidity.

Option 3 and 5 are wrong

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Match the following:
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Answer:

The match is as follow

1. Posting   ⇒   E. Copying data from the journal to the ledger

2. Expense  ⇒ A. The cost of operating a business; a decrease in stockholders' equity

3. Debit      ⇒  K. Left side of an account

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5. Equity    ⇒  F. Assets - Liabilities

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7. Receivable  ⇒ B. Always an asset

8. Chart of Accounts  ⇒ H. Lists all accounts with their balances

9. Payable   ⇒ I. Always a liability

10. Journal    ⇒  D. Lists a company's accounts and account numbers (no account balances in this item)

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Tricia had $100,000 in mortgage debt forgiven through a short sale on her principal residence on her Federal income tax return.
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Answer:

d) $100,000

Explanation:

In answer to this question, Tricia must include $100000 as the amount of the discharge of indebtedness from the disposition of her principal residence when when she is completing her Schedule CA for the year 2019.

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Which of the following statements regarding PERT analysis is true? a. Each activity has two estimates of its duration. b. Projec
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Answer:

It's c.

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In PERT analysis:

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